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  • 1. DisclaimersThe information contained in this presentation (“Presentation”) has been prepared by Prophecy Platinum Corp. (“Company”) and is being communicated for general background informational purposes only. The Presentationhas not been independently verified and the information contained within is subject to updating, completion, revision, verification and further amendment. Neither the Company, nor its shareholders, directors, officers, agents,employees, or advisors give, has given or has authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in this Presentation, or anyrevision thereof, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as “Information”) and liability therefore is expresslydisclaimed. Neither the communication of this Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Company to proceed with any transaction. This Presentation does not constitute,or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company, nor shall it, or the fact of its communication, form the basis of, or be relied upon inconnection with, or act as any inducement to enter into, any contract or commitment whatsoever with respect to such securities. In furnishing this Presentation, the Company does not undertake or agree to any obligation toprovide the attendee with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation that may become apparent either during, or at any time after thisPresentation.Certain statements contained herein constitute “forward-looking information.” Forward-looking information look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking information may include words such as “plans,” “intends,” anticipates,” “should,” “estimates,” “expects,” “believes,” “indicates,” “targeting,” “suggests,” “potential,” and similar expressions. Statements involving forward-looking information are based on current expectations and entail various risks and uncertainties. Actual results may vary from the forward –looking information and materially differ from expectations, if known and unknown risksor uncertainties affect our business, or if our estimates or assumptions prove inaccurate. Investors are advised to review the Company’s Annual Information Form filed at www.sedar.com for a detailed discussion of investmentrisks. The Company assumes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or any other reason.Unless otherwise indicated, Prophecy Platinum Corp has prepared the technical information in this Presentation (“Technical Information”) based on information contained in the technical reports and news releases (collectively the“Disclosure Documents”) available under the company’s profile on SEDAR at www.sedar.com. Each Disclosure Document was prepared by or under the supervision of a qualified person (a “Qualified Person”) as defined in NationalInstrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators (“NI 43-101”). For readers to fully understand the information in this Presentation, they should read the Technical Reports(available on www.sedar.com) in their entirety, including all qualifications, assumptions and exclusions that relate to the information set out in this Presentation that qualifies the Technical Information. Readers are advised thatmineral resources that are not mineral reserves do not have demonstrated economic viability. The Disclosure Documents are each intended to be read as a whole, and sections should not be read or relied upon out of context. TheTechnical Information is subject to the assumptions and qualifications contained in the Disclosure Documents.John Sagman, P.Eng, Senior Vice President and Chief Operating Officer for Prophecy Platinum Corporation, is the Qualified Person who reviewed all of the technical information contained in this Presentation. The materialtechnical information in this Presentation was derived from the following technical reports:i) technical report entitled “Wellgreen Project Preliminary Economic Assessment, Yukon, Canada” dated August 1, 2012 and prepared by Andrew Carter, Eur. Eng, C.Eng., Pacifico Corpuz, P. Eng., Philip Bridson, P.Eng, and ToddMcCracken, P.Geo of Tetra Tech Wardrop Inc. This technical report is available under the Company’s profile on SEDAR at www.sedar.com. ii) technical report entitled “Technical Report on the Lynn Lake Nickel Project, Northern Manitoba, Canada” dated April 14, 2011 and prepared by Todd McCracken, P.Geo. and Lyndsey MacBride, P.Geo of Tetra Tech Wardrop Inc.This technical report is available under the Company’s profile on SEDAR at www.sedar.com.iii) technical report entitled, “An Updated Mineral Resource Estimate and Feasibility Study Summary on the Shakespeare Deposit, Shakespeare Property, Near Espanola Ontario” dated January, 2006 and prepared by B. TerrenceHennessey, P.Geo.and Ian R. Ward, P.Eng. Of Micon International Ltd, Eugene Puritch, P.Eng. And Bruce S. Brad, P.Eng., of P&E Mining Consultants Inc., Lionel Poulin, ing. Of Met-Chem Canada Inc., Steve Aiken, P.Eng.. Of KnightPiésold Group and Donald Welch, P.Eng. Of Golder Associates Ltd. The report is available under the Ursa Major Minerals, a subsidiary of Prophecy Platinum Corp. on Sedar at www.sedar.com iv) technical report entitled, “Shining Tree” dated February 2006 and prepared by Rob Carter, P.Eng., Tetra Tech Wardrop. The report is available under Ursa Major Minerals, a subsidiary of Prophecy Platinum Corp. on Sedar atwww.sedar.com.The Company has included in this Presentation certain non-GAAP measures, such as costs of Pt Eq. per ounce. The non-GAAP measures do not have any standardized meaning within Canadian GAAP and therefore may not becomparable to similar measures presented by other companies. The Company believes that these measures provide additional information that is useful in evaluating the Company. The data presented is intended to provideadditional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with Canadian GAAP.Certain information contained in this Presentation with respect to other companies and their business and operation has been obtained or quoted from publicly available sources, such as continuous disclosure documents,independent publications, media articles, third party websites (collectively, the “Publications”). In certain cases, these sources make no representations as to the reliability of the information they publish. Further, the analysesand opinions reflected in these Publications are subject to a series of assumptions about future events. There are a number of factors that can cause the results to differ materially from those described in these publications. Noneof the Company or its representatives independently verified the accuracy or completeness of the information contained in the Publications or assume any responsibility for the completeness or accuracy of the information derivedfrom these Publications.Cautionary Note to United States Investors: This Presentation uses the terms “Measured”, “Indicated” and “Inferred” Resources. United States investors are advised that while such terms are recognized and required by Canadianregulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. Itcannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or othereconomic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned notto assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Presentation. 2
  • 2. Key Components for Exceptional Performance Prophecy Platinum & the Wellgreen PGM-Ni-Cu Deposit Ranked #5 of the top 12 undeveloped PGM resources outside South Africa1 7M oz PGM+Au, 2B lbs nickel, 2B lbs copper over life of mine at low cash costs from base metals credits2 Executive management with track record of proven success in large scale project development, operations and project financing Expansion potential along strike and at depth within a district scale property The Yukon is ranked as one of the most favourable mining jurisdictions globally by the Fraser Institute1Oct 2012 GMP Securities report entitled “Palladium and Platinum Supply-Demand Fundamentals Improving”.2Mineral resource estimates are based on mineral resource estimated at 0.2% Ni Eq. cut-off and the following metals recoveries from the August 2012 independent Preliminary EconomicAssessment by Tetra Tech Wardrop in accordance with NI 43-101 (“PEA”), authored by Todd McCracken, P.Geo. who is an independent Qualified Person under NI 43-101: 67.6% for Ni, 87.8%for Cu, 64.4% for Co, 46.0% for Pt, 72.9% for Pd, and 58.9% for Au. The PEA is preliminary in nature, in that it includes Inferred Mineral Resources that are considered too speculativegeologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized. A mineralreserve has not been estimated for the project as part of the PEA. A mineral reserve is the economically mineable part of a Measured or Indicated Mineral Resource demonstrated by at least aprefeasibility study. 3
  • 3. Executive ManagementProven Project Development Expertise Greg Johnson, P. Geo. – President & Chief Executive Officer • 25 years of experience in the development of large scale projects. • Involved in raising over $650 million in financing. • Former President and CEO at South American Silver & Co-founder of NovaGold. John Sagman, P. Eng., PMP – Senior Vice President & Chief Operating Officer • Over 30 years experience in design, development, commissioning and management of both open pit and underground mining projects. • Former VP Technical Services with Capstone, Project Manager with Xstrata & Vale Ni-PGM projects. Jeffrey Mason, CA – Chief Financial Officer • CA with over 25 years experience in financial reporting, including 15 years as Corporate Secretary at the Hunter Dickinson Inc. (HDI) group. • CFO and Director for numerous public mining companies with expertise in accounting, M&A, corporate finance and regulatory reporting. Rob Bruggeman, CFA, P. Eng. – Vice President, Corporate Development Samir Patel, LL.B. – Corporate Counsel and Corporate Secretary 4
  • 4. Wellgreen PGM Production Projections Compared to the Largest PGM Producing Mines in North America 120 300 2011 Palladium Production (0000 oz.) 2011 Platinum Production (000 oz.) Platinum Production (Left axis) 100 250 Wellgreen also Palladium Production (Right axis) projected to produce Scale displays Palladium value relative to Platinum 80 41 koz gold /yr.* 200 60 150 40 100 20 50 - - Stillwater - Stillwater Vale - Coleman Prophecy Platinum1 Prophecy Platinum - Xstrata - Nickel Rim Vale - Creighton Stillwater - East NA Palladium - Lac Mine Wellgreen* Wellgreen South Boulder Mine des Iles (Projected)Source: Vale-Sudbury: Vale-Production report 2011(http://bit.ly/Z6qDV4) provides consolidated production for six Sudbury mines, which management allocated based on internal estimates; Stillwater Mine andEast Boulder Mine: Q4 2011 Earnings Release (http://bit.ly/VMEkYH); Nickel Rim South: Johnson Matthey estimates (Raglan not included); NA Palladium-Nickel Rim South: NAP Annual Report 2011(http://bit.ly/Vvn2t7). *Wellgreen projections are average annual metals produced in concentrate in first 24 years of mine life based on August 2012 PEA by Tetra Tech Wardrop. 1Wellgreen estimated productionis based on indicated and inferred resource. The qualified persons responsible for this Presentation have been unable to verify the information pertaining to other mines and this information is not necessarilyindicative of the mineralization on the Wellgreen property and the expected production therefrom. 5
  • 5. PGM ProductionConcentrated in High Political Risk Countries Top 10 Platinum and Palladium Producing Mines Platinum Production Palladium Production Mine Location 2011 Koz Mine Location 2011 Koz Impala Platinum South Africa 941 Norilsk Russia Russia 2,704 Marikana South Africa 694 Impala Platinum South Africa 511 Norilsk Russia Russia 671 Marikana South Africa 325 Rustenburg South Africa 561 Mogalakwena South Africa 321 Amandelbult Section South Africa 446 Stillwater United States 297 Mogalakwena South Africa 313 Rustenburg South Africa 278 Union Section South Africa 273 Amandelbult Section South Africa 202 Kroondal PSA 1 South Africa 244 Makwiro Zimbabwe 148 Bafoken-Rasimone South Africa 175 Lac Des lles Canada 147 Two Rivers South Africa 145 Kroondal PSA 1 South Africa 124 Total 4,463 5,056 Source: Oct 2012 GMP Securities report entitled “Palladium and Platinum Supply-Demand Fundamentals Improving”. The qualified persons responsible for this Presentation have been unable to verify the information pertaining to other mines and this information is not necessarily indicative of the mineralization on the Wellgreen property and the expected production therefrom. 6
  • 6. North American & Australian PGM Company Resource Comparison Explorers and Developers Producers 25 Measured & Indicated Inferred 20PGM + Au (Moz.) 2013 Exploration Objective is to increase Measured 15 & Indicated 10 5 0 Pacific North West Panoramic Platina Resources Polymet Prophecy Platinum Duluth Metals North American Stillwater (Ontario) Resources (Australia) (Minnesota) (Yukon) (Minnesota) Palladium (Montana/Ontario (Australia) (Ontario)Note: Resource includes platinum, palladium and gold. Stillwater only has Proven and Probable mineral reserve numbers, which are the economically minable part of Measured & Indicated mineral resource. Stillwater only hasProven and Probable mineral reserve numbers, which are the economically minable part of Measured & Indicated mineral resource. Sources: Pacific North West – Financial Statements for the six months ended Oct. 2012;Platina Resources - 2012 Annual report year ended June 2012; Duluth - Company presentation Feb 2013 and Q3 2012 Financial Statements; Polymet - Updated NI 43-101 Technical Report on the NorthMet Deposit, Jan 2013;Stillwater - Company presentation Jan 2013 and 2011 Annual Report; North American Palladium - 2012 Q3 Interim Financial Report; Prophecy Platinum - Q2 2012 Financial statement and August 2012 independent PreliminaryEconomic Assessment (“PEA”) prepared by Tetra Tech Wardrop in accordance with NI 43-101. The PEA is preliminary in nature, in that it includes Inferred Mineral Resources that are considered too speculative geologically tohave economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized. A mineral reserve has not been estimated for the project aspart of this PEA. A mineral reserve is the economically mineable part of a Measured or Indicated Mineral Resource demonstrated by at least a prefeasibility study. 7
  • 7. North American & Australian PGM Company Valuations (US$/oz) Developers Advanced Developers Producers $250 Average EV/Pt Eq. $165/oz Enterprise Value/ Pt Eq. Resource $200 Average EV/Pt Eq. $150 $30/oz $100 Average EV/Pt Eq. $50 $3/oz $- Pacific North West Platina Resources Prophecy Platinum Duluth Metals Polymet (Minnesota) Stillwater North American Capital (Ontario) (Australia) (Yukon) (Minnesota) (Montana/Ontario) Palladium (Ontario)Note: EV as of Feb 19,2013. Mineral resource includes Pt, Pd & Au. Pt Eq. calculated based on the following metal prices: Pt $1,270.38/oz, Pd $465.02/oz and Au $1,102.30/oz.Stillwater only has Proven and Probable mineral reserve numbers, which are the economically minable part of Measured & Indicated mineral resource. Sources: Pacific North West – Financial Statements forthe six months ended Oct. 2012; Platina Resources - 2012 Annual report year ended June 2012; Duluth - Company presentation Feb 2013 and Q3 2012 Financial Statements; Polymet - Updated NI 43-101Technical Report on the NorthMet Deposit, Jan 2013; Stillwater - Company presentation Jan 2013 and 2011 Annual Report; North American Palladium - 2012 Q3 Interim Financial Report; Prophecy Platinum -Q2 2012 Financial statement and August 2012 independent Preliminary Economic Assessment (“PEA”) prepared by Tetra Tech Wardrop in accordance with NI 43-101. The PEA is preliminary in nature, in thatit includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves, andthere is no certainty that the PEA will be realized. A mineral reserve has not been estimated for the project as part of this PEA. A mineral reserve is the economically mineable part of a Measured or Indicated 8Mineral Resource demonstrated by at least a prefeasibility study.
  • 8. Platinum & Palladium Supply Fundamentals• Platinum supply is just 1/10th that of gold and Platinum Supply by Region 2012 - Total 5.84Moz 1/100th that of silver Zimbabwe, North America,• South Africa, Russia and Zimbabwe account for Russia, 6% 6% Other, 2% 13% 92% of global Pt supply and 84% of Pd supply Platinum production from South Africa and Russia South has been declining since 2006 Africa, 73% 7,000 Russian Pt Production 6,000 Geopolitical & South African Pt Production Labour Stability 5,000 Platinum (000 oz) 4,000 Palladium Supply by Region 2012 - Total 6.57Moz Zimbabwe, North Other, 2% 3,000 4% America, 14% 2,000 Russia, 1,000 43% South Africa, 37% - 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 9Source: CPM Group Platinum Group Metals Yearbook 2012 Source: Johnson Matthey 2012 Interim Review (http://bit.ly/TVBEVu)
  • 9. Platinum & Palladium Demand Fundamentals Platinum Demand 2012 - Total 6.24Moz • Johnson Matthey forecasts platinum demand to exceed supply by 400koz and palladium demand Industrial, Jewellery, to exceed supply by 915koz in 2012 28% 31% • Platinum jewellery and ETF demand are expected to be strong in 2013 Autocatalyst, 33% Investment, • Autocatalyst demand is expected to rise due to 8% strong auto demand from BRIC countriesThousand Vehicles Vehicle Sales in Brazil, Russia, India and China 35,000 Brazil 30,000 Palladium Demand 2012 - Total 7.49Moz Russia 25,000 Electrical, 9% China 20,000 Jewellery, 4% India 15,000 Autocatalyst, Investment, 66% 5% 10,000 Dental, 7% 5,000 Other, 9% 0 Source: SIAM, China Automotive Information Network, AEB, ANAFAVEA, and CPM Group Source: Johnson Matthey Platinum 2012 Interim Review (http://bit.ly/TVBEVu) 10
  • 10. Platinum Supply/Demand Fundamentals • Platinum autocatalyst demand has been rebounding since 2009 • Platinum jewellery demand has recovered to 2009 level; a major driver for the demand recovery • North America could overtake Zimbabwe as the third largest supply region • Substantial supply reduction due to labour strife in South Africa moved platinum market to deficit over the course of 2012 Platinum Global Gross Demand (‘Moz) Platinum Global Supply by Region (‘Moz)9 9 Investment Recycling8 Jewellery 8 Other Other Regions7 Petroleum 7 North America Medical & Biomedical Zimbabwe6 Glass 6 Electrical Russia5 Chemical 5 South Africa Autocatalyst4 43 32 21 10 0 1986 1976 1978 1980 1982 1984 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 1988 1998 1976 1978 1980 1982 1984 1986 1990 1992 1994 1996 2000 2002 2004 2006 2008 2010 2012 Note: Supply includes recycling 11 Source:Johnson Matthey Market Data Table (http://bit.ly/V7pnOo) Source:Johnson Matthey Market Data Table (http://bit.ly/V7pnOo)
  • 11. Palladium Supply/Demand Fundamentals • Palladium autocatalyst demand has been growing substantially since 2009 • Russia stockpile sales shrunk in 2012, along with its primary supply drop, driving the global supply down • Increase in physical palladium holdings within ETFs* Palladium Global Gross Demand (Moz) Palladium Global Supply by Region (Moz)10 10 Recycling Investment Jewellery Other Regions 8 Other 8 Zimbabwe Chemical North America Dental 6 Russia 6 Electrical Autocatalyst South Africa 4 4 2 2 0 0 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012Source:Johnson Matthey Market Data Table (http://bit.ly/V7pnOo) Note: Supply includes recycling*Source CPM Platinum Group Metals Yearbook 2012 Source:Johnson Matthey Market Data Table (http://bit.ly/V7pnOo) 12
  • 12. Wellgreen Project
  • 13. Location and Infrastructure Roads: • 15km all season road to Alaska Hwy. Ports / Rail: • Alaska rail and oil pipeline 320km • Haines sea port 392km • Skagway sea port 485km Power: • LNG offers substantial cost savings over the diesel assumption used in 2012 Wellgreen PEA Mining in the Yukon: • 3 new operating mines • 4 feasibility stage projects • More than 50 early stage projects 14
  • 14. Excellent Access Infrastructure Core Shack 15km All Season Road Wellgreen Alaska Highway Site Camp 0 3.4km
  • 15. 2.5km Strike: Open East/West and at Depth Cross section Open Open Open Disseminated Mineralization… Footwall All Season Road 16
  • 16. Central Zone Cross Section 0 3.4km 17
  • 17. Metallurgical Study Results Bulk Concentrate Grade Results by SGS1 Used in PEA2• August 2012 PEA based on bulk Product Cu% Ni% Co% Pt g/t Pd g/t Au g/t concentrate produced through Bulk Concentrate 6.0 5.7 0.63 3.57 6.22 0.48 conventional sulphide flotation Total Recovery 87.8 67.6 64.4 46.0 72.9 58.9• Metallurgical test results show that LCT-1 Separate Concentrate Grade Results by SGS1 separate nickel and copper sulphide Product Cu% Ni% Co% Pt g/t Pd g/t Au g/t concentrates can be produced Cu Concentrate 23.2 0.88 0.05 2.16 4.83 1.44• Additional testing will be done to Ni Concentrate 2.69 12.9 0.76 3.84 9.84 0.34 Total Recovery 86.2 62.8 60.3 24.6 62.1 48.1 optimize the process by zone, test magnetic separation to improve LCT-5 Separate Concentrate Grade Results by SGS1 PGM recovery, produce high quality Product Cu% Ni% Pt g/t Pd g/t Au g/t Cu Concentrate 19.1 1.37 2.51 6.06 1.41 saleable concentrates, and defer Ni Concentrate 1.32 9.11 4.56 7.77 0.33 pre-production CAPEX Total Recovery 85.9 65.7 43.8 69.8 66.3 1Prophecy Platinum Corp Metallurgical Report dated August 7, 2012 by SGS Canada Inc. 2PEA dated August 2012 independent Preliminary Economic Assessment prepared by Tetra Tech Wardrop in accordance with NI 43-101. The PEA is preliminary in nature, in that it includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized. A mineral reserve has not been estimated for the project as part of this PEA. A mineral reserve is the economically mineable part of a Measured or Indicated Mineral Resource demonstrated by at least a prefeasibility study. 18
  • 18. Metal Prices vs. PEA Base Case (LME 3-Year Trailing Average*) PEA Base Case PEA Base Case PEA Base Case $1,588/oz $581/oz $1,378 Base Case -20% Base Case -20% $1,270/oz $465/oz Base Case – 20% $1,102/oz PEA Base Case $3.56/lb PEA Base Case $9.48/lb Base Case – 20% Base Case – 20% $2.85/lb $7.58/lb 19* LME three year trailing metal prices in effect July 6, 2012
  • 19. Wellgreen Economic Model Wellgreen Economic Model Output – Based on August 2012 PEA* Mill throughput 32,000 tpd Life of mine 37 years Initial capital expenditures $863M Average strip ratio 2.57:1 Pt Eq. Pt Pd Au Ni Cu Co Metals Payable (koz)** (koz) (koz) (koz) (Mlbs) (Mlbs) (Mlbs) Average annual – first 24 years 138.5 68.9 92.4 41.3 50.4 59.1 3.5 Total – first 24 years 3,325 1,654 2,217 990 1,209 1,420 84 Average annual - life of mine 118.1 60.3 80.8 32.5 45.2 50.9 3.1 Total - life of mine 4,369 2,232 2,989 1,203 1,671 1,885 114 Wellgreen PEA Economic Model Output – First 24 Years of Production* PEA Base Case Metal Prices - 20% (Base Case Metal Prices = LME trailing 3-year Pre-tax NPV (8% discount rate) $973M average price at July 6, 2012) Pt $1,270.38/oz Ni $7.58/lb Pre-tax IRR (100% equity) 20% Pd $465.02/oz Cu $2.850/lb Au $1,102.30/oz Co $12.98/lb Average annual pre-tax cash flow $205M*PEA model head grades smoothed by reducing head grades 10% in 2025, 10% in 2027, 40% in 2028, 20% in 2030, 15% in 2034 and 10% in 2037.**Pt Eq. calculated as Pt Eq. = Pt + Pd x $465.02/$1,270.38 + Au x $1,102.30/$1,270.38. PEA dated August 2012 independent Preliminary Economic Assessment prepared by TetraTech Wardrop in accordance with NI 43-101. The PEA is preliminary in nature, in that it includes Inferred Mineral Resources that are considered too speculative geologically to haveeconomic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized. A mineral reserve hasnot been estimated for the project as part of this PEA. A mineral reserve is the economically mineable part of a Measured or Indicated Mineral Resource demonstrated by at least a 20prefeasibility study.
  • 20. Global Platinum Equivalent Cash Cost Curves Wellgreen in lower quartile of production cost on a co-product basis 25% 50% 75% 2500 2500 2000 Wellgreen 2000 US$/Pt Eq oz US$/Pt Eq oz 1500 1500 1000 1000 Average 2011 Platinum Price ($1,722/oz) 500 500 2011 All-in Cost (US$1,653/Pt Eq. oz) 2011 Total Cash Cost (US$1,190/Pt Eq. oz) 0 0 0 20 40 60 80 100 Cumulative Production %Source: Thomson Reuters GFMS (Platinum & Palladium Survey 2012) . *Wellgreen co-product cash cost of Pt Eq.= $852/oz and Ni Eq. = $5.10/lb. Cost calculations were doneusing the Base Case -20% price assumptions in the August 2012 Wellgreen PEA economic model.. 21
  • 21. Wellgreen Compared to First Quantum’s Kevitsa Wellgreen (Prophecy Platinum) Kevitsa1 (First Quantum) Location Yukon Finland Status Preliminary Assessment Commercial production August 2012 M&I 14mt@ 2.25g/t PGM+Au, 240mt@ 0.47g/t PGM+Au, 0.69%Ni, 0.62%Cu (Indicated) 0.30%Ni, 0.41%Cu Inferred 289mt@ 1.18g/t PGM+Au, 0.38%Ni, 0.35%Cu 35mt@ 0.33g/t PGM+Au, 0.30%Ni, 0.41%Cu Mill Rate 32,000 tpd (10.9 million tpa) 21,000 tpd (7.5 million tpa) Capex $863 million ~$480 million Strip Ratio 2.6 to 1 ~3 to 1 Cash costs $852/oz Pt Eq. and $5.10/lb Ni (Co-product) $2.50/lb Ni (net of by-product credits) $2.18/lb Ni (net of by-product credits) Negative Pt Eq. cash cost (net of base metal credits) 1First Quantum Paid $280million to acquire Kevitsa in 2008Wellgreen mineral resource based on the Technical report dated July 2011 by Wardrop Engineering authored by Todd McCracken, P. Geo. of Tetra Tech Wardrop, who is an independentQualified Person under NI 43-101. Ni Eq.% cutoff at 0.40%: 14.3 mt of Indicated mineral resource at 0.99 g/t Pt, 0.74 g/t Pd, 0.52 g/t Au, 0.69% Ni, and 0.69% Cu. 289.2 mt of Inferredmineral resource at 0.53 g/t Pt, 0.42 g/t Pd, 0.23 g/t Au, 0.38% Ni, and 0.35% Cu. The report is authored by Todd McCracken, P. Geo. of Wardrop Engineering Inc., a Tetra Tech Company,who is an independent Qualified Person under NI 43‐101. *Wellgreen co-product cash cost of Pt Eq. = $852/oz and Ni Eq. = $5.10/lb cost calculations were done using the Base Case -20%price assumptions and the nickel cash cost of $2.18/lb net of by-product credits was calculated using Base Case metal prices in the July 2012 Wellgreen PEA economic model.Source of Kevista data (http://www.first-quantum.com/files/KevitsaMine_presentation_Investortour_Dec2012-Full.pdf; http://www.first-quantum.com/files/doc_downloads/Projects1-2.pdf). The qualified persons responsible for this Presentation have been unable to verify the information pertaining to other mines and this information is not necessarily indicative of the 22mineralization on the Wellgreen property.
  • 22. Wellgreen Block Model & Key InterceptsWS12-214: 362.7 metres of 2.22/t Pt Eq. or 0.49% Ni Eq. WS11-188: 457.38m of 2.11g/t Pt Eq. or 0.47% Ni Eq., including 120.91mincluding 37.6m of 5.31g/t Pt Eq. or 1.18% Ni Eq. of 3.02g/t Pt Eq. or 0.67% Ni Eq. WU12-540: 304.50m of 1.93g/t Pt Eq. or 0.43% Ni Eq. Block Model Long Section West East WS11-184: 343.6m of 2.17g/t Pt Eq., or 0.48% Ni Eq. Aerial Magnetic Survey Untested geophysical target 23
  • 23. Wellgreen District Potential Wellgreen Production Profile 7M oz Pt Eq. with 2B lbs Ni and 2B lbs Cu*Wellgreen mineral resource outline is based on the Technical report dated July 2011 by Tetra Tech Wardrop Engineering authored by Todd McCracken, P. Geo. of Tetra Tech Wardrop,who is an independent Qualified Person under NI 43-101. Wellgreen Production Profile is based on the August 2012 independent Preliminary Economic Assessment (“PEA”) preparedby Andrew Carter, Eur. Eng, C.Eng., Pacifico Corpuz, P. Eng., Philip Bridson, P.Eng, and Todd McCracken, P.Geo of Tetra Tech Wardrop Inc. These technical report are available under theCompany’s profile on SEDAR at www.sedar.com.. The production profile from the PEA reflects metals produced over the life of the mine and using the following metal recoveries: 2467.6% for Ni, 87.8% for Cu, 64.4% for Co, 46% for Pt, 72.9% for Pd, and 58.9% for Au.
  • 24. Milestones Achieved by Prophecy 2010 • Acquired and consolidated the Wellgreen area claims • Released a mineral resource estimate for Wellgreen based on 55,000 metres drilling 2011 • Raised $10 million in 2011 and $11 million in 2012 • Released a positive PEA on the Wellgreen project • Metallurgical testing demonstrated that separate nickel and copper sulphide concentrates can be produced 2012 • Completed 11,000 metre, $6.5M exploration program • Appointed new Executive Management team 25
  • 25. Next Steps • Transportation and logistics study (completed) • Environmental baseline assessment and First Nations Consultation (in 2013 progress) • Targeting 10,000 to 20,000 metres of drilling (Q2-Q4 2013) • Next phase of metallurgical testing and basic engineering (Q2-Q4 2013) • Update Wellgreen mineral resource estimate based on 2013 drilling program (Q1 2014) 2014 • Updated Economic Assessment (Q1 2014) • Initiate prefeasibility-level studies and permitting (Q2-Q4 2014) • Evaluate opportunity for staged construction process to accelerate production 2015 • Feasibility Studies, Final Permitting and Construction (2015 – 2016) 26
  • 26. Shakespeare Project
  • 27. Shakespeare PGM-Ni-Cu MineProduction Ready• Fully-permitted, open pit PGM-Ni-Cu mine• Minimal capital required for restart• “Brownfield” project with ore shipping potential to regional Xstrata or Vale facilities• Evaluation of mining, transport and milling costs in progressMid-tier, Significant Production Profile• Feasibility: Average annual production of 23,000 oz PGM+Au, 8M lbs Ni and 10M lbs Cu over LOMPReserve and Resource for Long Mine life• Probable Mineral Reserve* 11.8 mt 0.87g/t PGM+Au, 0.33% Ni, 0.35% Cu• Approximately 97% remaining in mine production plan*Mr. Terrence Hennessey, P.Geo, of Micon is the qualified person for the mineral resource estimate. Mr. Eugene Puritch, P.Eng. of P&E Engineering is the qualified person for themineral reserve estimate. Mr. Ian Ward, P.Eng. of Micon is the qualified person for the feasibility study by Micon dated January 2006. Production profile based on Addendum to theFeasibility Study by Micon dated February 2008. Additional Mineral Resource (3.87 mt Indicated mineral resource, 1.87 mt Inferred mineral resource) announced August 12. UpdatedMineral Resource estimate for the Shakespeare Deposit Underground East Zone prepared by P&E Mining Consultants Inc. The Qualified Persons for this Mineral Resource estimateare: Richard Routledge, M.Sc. (Applied), P.Geo., Eugene Puritch, P.Eng, and Antoine Yassa, P. Geo. 28
  • 28. Shakespeare PGM-Ni-Cu Long Section Shakespeare West* Open Open 100 metres *300,000 tonnes mined *Mineral reserve numbers are in probable category. Mr. Terrence Hennessey, P.Geo, of Micon is the qualified person for the mineral resource estimate. Mr. Eugene Puritch, P.Eng. of P&E Engineering is the qualified person for the mineral reserve estimate. Mr. Ian Ward, P.Eng. of Micon is the qualified person for the feasibility study by Micon dated January 2006. 29
  • 29. Share Price and Capitalization 1,800 4.5 1,750 4 Platinum Spot price ($/Oz)* NKL share price ($/Share) 1,700 3.5 1,650 1,600 3 1,550 2.5 1,500 2 1,450 1.5 1,400 1,350 1 1,300 0.5 Market Capitalization Major Shareholders Issued and outstanding 68,774,692 Prophecy Coal (TSX: PCY): 32% Options (avg. strike $1.24) 10,045,333 Institutions: 15% Warrants (avg. strike $1.79) 3,783,604 Management and Insiders: 6% Fully Diluted 82,603,629 53%*Source: Johnson Matthey As of Feb. 26, 2013 30
  • 30. ManagementGreg Johnson (P.Geo.) - President & Chief Executive OfficerGreg Johnson has over 25 years of experience in the development of large scale projects in the mining industry and has been involved in raising over $650million in project financing. Formerly President and CEO at South American Silver, Mr. Johnson led the advancement of 2 large projects in South America andsaw a market cap increase from $20 million to a peak of $350 million. As co-founder and executive at NovaGold, Mr. Johnson was part of the team that grewtheir market cap from a $50-million to more than $2-billion and oversaw the growth of the resource base to over 30 million ounces of gold in 3 world classprojects. Mr. Johnson holds an Honours Degree in Geology from Western Washington University and began his career with Placer Dome Inc. (now Barrick Gold).John Sagman (P.Eng., PMP) - Senior Vice President & Chief Operating OfficerMr. Sagman has over thirty years of mining experience including the design, development, commissioning and management of both open pit and undergroundmining projects. Formerly VP Technical Services with Capstone, his extensive background of project management success also includes overseeing operationswith Xstrata, Vale on their Sudbury Nickel PGM mines and at Placer Dome (now Barrick Gold) in both operations and project development groups. Mr. Sagmanreceived his Project Management Professional designation in 2010 and is licensed with the Association of Professional Engineers and Geoscientists of BritishColumbia. Mr. Sagman holds a degree in Mining and Mineral Process Engineering from the University of British Columbia.Jeffrey Mason (CA) - Chief Financial OfficerJeffrey Mason is a Chartered Accountant with over 25 years’ experience in financial reporting. He has expertise in accounting, M&A, corporate finance andregulatory reporting, including 15 years with Hunter Dickinson Inc. (HDI) as Corporate Secretary, CFO and Director for numerous public mining companies. AsCFO of Taseko Mines Ltd., he was instrumental in the acquisition of the Gibraltar Cu-Mo mine and bringing it from dormant into the 2nd largest open pit Cumine in Canada. He negotiated the purchase of the Xietongmen Cu-Au Project on behalf of Continental Minerals Corp. and set up a JV arrangement withJinchuan Mining Group.Rob Bruggeman (CFA, P.Eng.) - Vice President, Corporate DevelopmentRob Bruggeman has worked in the brokerage industry in Toronto the past twelve years. He held positions of a small cap equity research analyst, proprietarytrader, and most recently, he led the institutional equity sales and trading group at a boutique brokerage firm.Samir Patel (LL.B.) - Corporate Counsel and Corporate SecretarySamir Patel holds a Bachelor of Laws (Honours) from the University of Nottingham in the UK and is a member of the British Columbia Bar. Prior to joiningProphecy, Mr. Patel spent three years in the Securities & Capital Markets Group at a leading, full-service, national Canadian law firm. He has extensiveexperience in the area of securities and corporate law, particularly in relation to M&A transactions, continuous disclosure requirements, and equity and debtfinancings. 31
  • 31. DirectorsHarald Batista - DirectorMr. Batista is an accomplished entrepreneur with over 2 decades of sales and marketing experience. He holds an MBA degree from Santa Clara University inCalifornia and is a member of the prominent Batista family in Brazil that includes the founder of Vale mining, the founder of EBX Group.Greg Hall - DirectorMr. Hall is an independent business adviser to the mining industry. His thirty years of experience includes being a Director of Silvercorp Metals, a Directorwith Haywood Securities Inc., Vice President with Canaccord Capital Corporation, and Senior Vice President with Leede Financial Markets Inc.Wesley J. Hall - DirectorMr. Hall founded Kingsdale Shareholder Services Inc. (2003) and Kingsdale Communications Inc. (2009). He was honoured with the Ernst & YoungEntrepreneur of the Year 2009 Award in the Financial Services category in Ontario.Greg Johnson (P. Geo.) - President & CEO, DirectorGreg Johnson has over 25 years of experience in the development of large scale projects in the mining industry and has been involved in raising over $650million in project financing. Formerly President and CEO at South American Silver, Mr. Johnson led the advancement of 2 large projects in South America andsaw a market cap increase from $20 million to a peak of $350 million. As co-founder and executive at NovaGold, Mr. Johnson was part of the team that grewtheir market cap from a $50-million to more than $2-billion and oversaw the growth of the resource base to over 30 million ounces of gold in 3 world classprojects. Mr. Johnson holds an honors degree in Geology from Western Washington University and began his career with Placer Dome Inc. (now Barrick Gold).John Lee (CFA) - DirectorMr. Lee started Prophecy Resource in 2009 and aggressively expanded Prophecy’s resource portfolio. Prophecy Platinum was spun off Prophecy Resource(now Prophecy Coal) in 2011. John’s team led and successfully completed 3 mergers, 2 RTO’s and raised over $80million since late 2009.Myron Manternach - DirectorMr. Manternach has extensive mining investment experience. He is currently a Managing Director of Composite Capital and was previously a ManagingDirector with Octavian Advisors and Vice President of investment banking with JP Morgan.Mike Sylvestre (M.Sc., P.Eng.) - DirectorMr. Sylvestre spent decades with Inco Ltd. Most notably, he was the CEO Vale Inco, New Caledonia, President Vale Inco, Manitoba Operations and VicePresident of Operations PT Inco, Indonesia. Mr. Sylvestre brings over 35 years of mining experience to Prophecy. 32
  • 32. Total PGM-Ni-Cu Mineral Reserve and Resource Holdings* In Situ Grade Total Contained Metals Resource Tonnes Pt Pd Au Pt Eq. Ni Cu Moz Moz Moz Moz Mlbs MlbsProperty Category (Millions) (g/t) (g/t) (g/t) (g/t)* (%) (%) Pt Pd Au Pt Eq.* Ni Cu Indicated 14.4 0.99 0.73 0.51 1.71 0.68 0.62 0.46 0.34 0.24 0.79 216 197Wellgreen(Yukon) Inferred 446.6 0.38 0.33 0.16 0.64 0.31 0.25 5.46 4.74 2.30 9.19 3,053 2,462 Diluted 11.8 0.33 0.36 0.18 0.62 0.33 0.35 0.13 0.14 0.07 0.24 86 91 Probable (pit)Shakespeare(Ontario) Total Indicated 16.0 0.35 0.38 0.20 0.66 0.34 0.37 0.18 0.20 0.10 0.34 121 132 Total Inferred 1.9 0.34 0.36 0.21 0.65 0.33 0.36 0.02 0.02 0.01 0.04 13 15 Measured 0.9 0.76 0.36 16 7Lynn Lake Indicated 19.9 0.56 0.30 247 130(Manitoba) Total M&I 22.9 0.57 0.30 263 137 Inferred 8.1 0.51 0.28 82 46Shining Tree Indicated 1.0 0.71 0.36 16 8(Ontario) Inferred 1.5 0.67 0.36 22 12 Total Probable Reserves 0.13 0.14 0.07 0.24 85 90 Total Measured and Indicated Mineral Resources 0.64 0.54 0.34 1.13 616 475 Total Additional Inferred Resources 5.48 4.76 2.31 9.22 3,170 2,534 * Please refer to the disclosures regarding the Mineral Reserve and Resource Estimates on the next slide All mineral resource estimates are exclusive of dilution and recovery factors. Totals may not sum exactly due to rounding. Shakespeare Total Indicated 33 Mineral Resource s include the Mineral Reserves.
  • 33. Reserve and Resource Estimate Disclosurei) technical report entitled “Wellgreen Project Preliminary Economic Assessment, Yukon, Canada” dated August 1, 2012 and prepared by Andrew Carter,Eur. Eng, C.Eng., Pacifico Corpuz, P. Eng., Philip Bridson, P.Eng, and Todd McCracken, P.Geo of Tetra Tech Wardrop Inc. This technical report is availableunder the Company’s profile on SEDAR at www.sedar.com.ii) technical report entitled “Technical Report on the Lynn Lake Nickel Project, Northern Manitoba, Canada” dated April 14, 2011 and prepared by ToddMcCracken, P.Geo. and Lyndsey MacBride, P.Geo of Tetra Tech Wardrop Inc. This technical report is available under the Company’s profile on SEDAR atwww.sedar.com.iii) technical report entitled, “An Updated Mineral Resource Estimate and Feasibility Study Summary on the Shakepeare Deposit, Shakespeare Property,Near Espanola Ontario” dated January, 2006 and prepared by B. Terrence Hennessey, P.Geo.and Ian R. Ward, P.Eng. Of Micon International Ltd, EugenePuritch, P.Eng. And Bruce S. Brad, P.Eng., of P&E Mining Consultants Inc., Lionel Poulin, ing. Of Met-Chem Canada Inc., Steve Aiken, P.Eng.. Of KnightPiésold Group and Donald Welch, P.Eng. Of Golder Associates Ltd. The report is available under Ursa Major Minerals, a subsidiary of Prophecy PlatinumCorp. on Sedar at www.sedar.com.iv) technical report entitled, “Shining Tree” dated February 2006 and prepared by Rob Carter, P.Eng., Tetra Tech Wardrop. The report is available underUrsa Major Minerals, a subsidiary of Prophecy Platinum Corp. on Sedar at www.sedar.com.*Pt Eq. calculated for all properties is based on the following prices: Pt $1,587.97/oz, Pd $581.28/oz and Au $1,377.87/oz.Cobalt Resources and Reserves are not tabulated, see technical reports under the Company’s profile on SEDAR at www.sedar.com. 34
  • 34. Research Coverage and Investor Relations Contacts Firm Research Analyst Contact Mackie Research Capital Matthew O’Keefe mokeefe@mackieresearch.com Casimir Capital Eric Winmill ewinmill@casimircapital.ca Prophecy Platinum Corp. 2nd Floor, 342 Water Street Vancouver, BC Canada V6B 1B6 T 604.569.3690 TF 1.800.459.5583 F 604.569.3617 www.prophecyplatinum.com info@prophecyplatinum.com Rob Bruggeman Chris Ackerman VP, Corporate Development Investor Relations Manager rbruggeman@prophecyplatinum.com cackerman@prophecyplatinum.com 35
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